Why General Motors Stock Rose 19% in June
Shares of General Motors (NYSE: GM) were moving higher last month as the automaker gained following bullish comments at an industry conference and as investors cheered its decision to adopt Tesla's electric vehicle (EV) charging standard, known as the North American Charging Standard (NACS), starting with its 2025 EVs.
Additionally, GM seemed to benefit from an improving macroeconomic picture and a generally rising tide in electric vehicle stocks as other EV companies moved to adopt NACS, eliminating a potential pain point in EV adoption.
According to data from S&P Global Market Intelligence, the stock finished the month up 19%. As you can see from the chart below, most of those gains came in the first half of the month, benefiting from the NACS news.
Source Fool.com
General Motors Corp Stock
Our community is currently high on General Motors Corp with 33 Buy predictions and 5 Sell predictions.
As a result the target price of 46 € shows a slightly positive potential of 9.97% compared to the current price of 41.83 € for General Motors Corp.
